Who Do Consumers Trust Most? Mobile Operators or OTTs?

The 5G Data Model - 10 New Rules in Data Management

KDDI to Invest ‎¥20 billion in AI, IoT, Big Data Startups via Open Innovation Fund 3

3 months ago
(0 votes)
KDDI to Invest  ‎¥20 billion in AI, IoT, Big Data Startups via Open Innovation Fund 3 Image Credit: KDDI

KDDI has joined forces with independent venture capital firm Global Brain to establish KDDI Open Innovation Fund 3 (KOIF3), a fund that will invest in venture firms that hold promise for generating synergy with KDDI group companies in the coming 5G era.

KDDI first started the Open Innovation Fund in 2012 in partnership with Global Brain to support promising startup companies. 

KDDI plans to invest approximately 20 billion yen in the next five years via the new fund in startups in areas such as AI, IoT, Big Data etc in the 5G era.

The investment programs established with KOIF3 will reinforce efforts by KDDI and its group companies to use their networks among venture companies as well as their experience and knowledge of technology and business to seek out promising venture firms in fields such as AI and IoT, which will grow ever more crucial in the 5G age.

The investment programs will also make it possible not just for KDDI but also for its group companies to proactively undertake joint development efforts with venture firms.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

PREVIOUS POST

Airtel, Sprint & Others Form Seamless Alliance to Bring Mobile Services Into Airline Cabins

NEXT POST

Rakuten Set to Become Japan's 4th Mobile Operator; Partners Electric Utilities for Base Station Infra

Mobile video trends based on live operator data

THE EDITOR'S DESK

A QUICK SURVEY

ON TWITTER

ON FACEBOOK